Which of the following is a merit good in the United States?
a. defense
b. public libraries
c. churches and synagogues
d. interstate highways
e. personal contributions to a cancer fund
B
Economics
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Economists sometimes give conflicting advice because
a. graduate students in economics are encouraged to argue with each other. b. economists have different values and scientific judgment. c. economists acting as scientists do not like to agree with economists acting as policy advisers. d. economics is more of a belief system than a science.
Economics
The likely outcome of the standard prisoners' dilemma game is that
a. neither prisoner confesses. b. exactly one prisoner confesses. c. both prisoners confess. d. Not enough information is given to answer this question.
Economics